general discussion, page-767

I don't often get excited at small caps but this one was too good to ignore. Last time I felt this potential was when I came across a company called Afterpay a few years back.
This company has too much going for it to ignore.
* Magnesium in short supply;
* 85% odd of world supply coming from one source which cannot be relied upon (China);
* management budgets appear to be conservative for prices for MAG at $3,000/tonne versus current $8,000/tonne (however as CEO David Patterson has stated, they don't expect MAG prices to remain this high);
* LMG's process cleans the environment by removing brown coal fire ash which can cause silicosis - this will get the eye of ESG investors which is all the rage at the moment;
* LMG have patented their process in countries around the world where brown coal fire ash exists. MASSIVE!!

And yet LMG has a market cap of around $150mill??

Financial reasons aside, I can't understand why one would sell at these prices.

There's this thing called the "Efficient market Hypothesis" ie the market value of a company is based on all available public information. At $150mill, something is wrong with the market.

Good luck all fellow LMG investors.